Tech Development Expands: State Street Incorporates into IndiaLand Tech Park, Bolstering Coimbatore's Global Tech Prominence
Coimbatore, a city in southern India, is rapidly emerging as a high-potential alternative to traditional metros for IT, BFSI, and technology firms. This shift is evident in the growing presence of global corporations in the city, with State Street, a global financial giant, being the latest addition.
State Street has taken up 2.1 lakh sq. ft. of office space at IndiaLand Tech Park in Coimbatore, marking a significant stride in the city's economic development. This move underscores the growing trend of multinational companies embracing sustainable, Grade-A infrastructure in India's tier-2 cities.
Located within the IndiaLand Tech Park, State Street's new Centre of Excellence significantly impacts the city's economic development. The partnership highlights how international enterprises are increasingly turning to sustainable office spaces in India's tier-2 cities to drive long-term growth.
The IndiaLand Tech Park, a LEED Platinum-rated IT SEZ campus in Saravanampatti, is known for its eco-conscious infrastructure. By opting for a workspace within this campus, State Street underscores the rising importance of sustainability in corporate real estate.
This decision reflects a broader trend of global companies prioritizing environmentally responsible office environments in tier-2 cities, which traditionally may not have been seen as prime locations for such developments.
The presence of global giants like Accenture, Amazon, Bosch, and Cognizant alongside State Street at IndiaLand Tech Park elevates Coimbatore's profile, encouraging more multinationals to consider the city. This influx fosters local job creation and enhances the talent ecosystem, benefiting the regional economy.
The economic and business hub development, sustainability and future-ready infrastructure, multinational presence and talent attraction, and economic diversification are key points outlining the impact of State Street's move.
Under the leadership of Mr. Fabiani, IndiaLand has delivered high-performance campuses in Mumbai, Pune, Chennai, and Coimbatore. The IndiaLand Tech Park continues to attract multinational corporations seeking sustainable and future-ready workspaces in India's tier-2 cities.
Each IndiaLand campus reflects a forward-looking vision of environmentally responsible and globally competitive business destinations. The space for State Street's Centre of Excellence is located in Tower D of the IndiaLand Tech Park.
Saravanampatti, an established IT and SEZ corridor in Coimbatore, is witnessing a surge in Grade-A commercial developments, increased demand, and rising occupancy rates. The CEO of IndiaLand Tech Park, Salai Kumaran, is excited about the growing number of global IT giants choosing IndiaLand Tech Park.
This collaboration marks a significant milestone in the economic development of Coimbatore. The partnership between world-class companies like State Street and green infrastructure at IndiaLand Tech Park unlocks economic potential beyond metro markets.
Coimbatore is firmly positioned as a rising global business hub due to such partnerships. On July 16, 2025, State Street officially inaugurated its Centre of Excellence at the IndiaLand Tech Park, marking a defining moment in Coimbatore's economic development.
Mr. Harish Fabiani, Group Chairman of IndiaLand Corporation, has a passion for developing world-class, sustainable infrastructure across India. His vision and the eco-friendly infrastructure at IndiaLand Tech Park are catalysts for the city's growth as a sustainable and attractive destination for multinational corporations.
- State Street's decision to establish its Centre of Excellence within the sustainable and Grade-A infrastructure of the IndiaLand Tech Park in Coimbatore underscores the growing trend of multinational companies prioritizing eco-friendly office spaces in India's tier-2 cities.
- By partnering with world-class companies like State Street and providing eco-friendly infrastructure, the IndiaLand Tech Park in Coimbatore is fostering the city's growth as an attractive destination for multinational corporations seeking sustainable and future-ready workspaces.
